Price Stability Fund still waiting for CBL approval of $ 135 million bank credit

October 6, 2018

The Director of the Price Stability Fund (PSF) Jamal al-Shibani said Wednesday that the PSF has received no notification so far regarding the 135 million credits.

Shibani said that the PSF will return to its original job, which is concerned with regulating and monitoring the prices of commodities in the market, after determining the dollar exchange rate in the banks.

He also clarified that the PSF is seeking to find a balance between prices of the real cost of goods and the high prices put by traders, adding that they will intervene in the event of detecting any violations.